06/07/2021

Why DE&I Improvements Begin with Employees

Staff will drive acceptance and application

In the past year, more organizations have pledged to make improvements when it comes to diversity, equity, and inclusion (DEI). And perhaps more importantly, those organizations are doing things to make sure those pledges are more than just talk. In 2021, large corporations like Nike and McDonald’s have started connecting executive compensation to diversity goals, following changes within tech companies and more pressure from activists to address the corporate sector’s slowness to act.

The past year, Korn Ferry executive Don Lowman told Fortune, has been “causing companies to think, ‘If we’re serious about this, we ought to make sure there is a visible link between what we say and do and how we’re rewarding our executives.’”

If lack of action is costly for the CEO, it’s perhaps even worse for the organization as a whole. Last week, my colleague Rasheeda Childress spotlighted a new SHRM report that says racial and ethnic bias may have cost U.S. businesses up to $54 billion last year, due to absenteeism.

Please select this link to read the complete article from Associations Now.